™Your Policy Risk Impact Agent
24 chapters · 957 sections in this title.
Va. Code Ann. § 6.2-700 Definitions
3.4K chars
As used in this chapter, unless the context requires a different meaning: "Acquire" means: 1. The merger or consolidation of one bank holding company with another bank holding company; 2. The acquisition by a bank holding company of direct or indirect ownership or control of voti…
Va. Code Ann. § 6.2-701 Presumptions regarding control of entities, ownership of shares, and activities of subsidiaries or other entities
0.8K chars
A. A person shall be deemed to control another entity if: 1. It owns 25 percent or more of the voting shares of the entity; 2. The person is presumed to control the entity under the Bank Holding Company Act of 1956 (12 U.S.C. § 1841 et seq.), as amended, or under Section 10 of th…
Va. Code Ann. § 6.2-702 Registration; authority to transact business
0.5K chars
Every person that controls one or more Virginia financial institutions (i) shall register with the Commission in accordance with procedures established by the Commission within 180 days after the date the person acquires control of a Virginia financial institution, unless the Com…
Va. Code Ann. § 6.2-703 Acquisition of interest in entity other than financial institution by financial institutions
0.2K chars
No financial institution shall acquire more than five percent of the voting shares or otherwise gain control of any entity other than a financial institution without prior notice to the Commission.